Jump to content

ICF International

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Psiĥedelisto (talk | contribs) at 10:01, 30 May 2020 (This content was written by User:ICF Will, who is a WP:PAID editor who should not edit himself, see talk page. I switched back to a table as the recursion depth of {{clade}} would have been exceeded; a table has several benefits anyway, such as working in the WP:VE. Sorry User:Spintendo, the {{clade}} was cool, I admit!). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

ICF
Company typePublic corporation
Nasdaq: ICFI
Russell 2000 Component
IndustryProfessional services
Founded1969
HeadquartersFairfax, Virginia
Area served
Worldwide
Key people
Sudhakar Kesavan
(Executive Chairman)
John Wasson
(President and CEO)
James Morgan
Formerly (CFO)
Currently Chief of Business Operations[1]
Bettina Garcia Welsh (CFO)[1]
ServicesStrategic planning, research, program management, business process management, data analytics, technology, cybersecurity, marketing strategy and engagement marketing
RevenueUS $1.478 billion (2019)[2]
Number of employees
7,000 (2019)[2]
Websitewww.icf.com

ICF International, Inc. is a global consulting and technology services company headquartered in Fairfax, Virginia.

History

ICF was founded in 1969 as the Inner City Fund.[3] Its first president was Clarence "Lucky" Lester, a Tuskegee Airman, who was joined by three U.S. Department of Defense analysts.[3] As a venture capital firm, Inner City Fund sought to finance and help minority-owned businesses win government contracts.[4]

The company reorganized as a consulting firm and renamed itself ICF Incorporated. ICF acquired Kaiser Engineering in 1988 and went public in 1989.[4] The combined company became known as ICF Kaiser.[5]

Under this banner, the company worked in consulting, engineering and construction services.[6] ICF and Kaiser split in 1999 when an investment group bought the consulting business for about $70 million.[7]

In 2006, the consultancy was renamed ICF International and in September that year, the company went public, trading on the NASDAQ as ICFI.[8]

The company received criticism of its management of the Road Home program in the aftermath of Hurricane Katrina.[9] In an article in The Washington Post, the company said it had addressed problems raised in those criticisms, and that state and federal fraud-prevention rules were in flux and made the grants administration process more time-consuming.[10]

The company was hired to support the Hurricane Sandy relief efforts for the State of New Jersey.[11]

ICF International rebranded as ICF in 2016.[12]

Operations and services

ICF is publicly traded on the NASDAQ. ICF is headquartered in Fairfax, Virginia.[13] As of year-end 2016, ICF employed around 5,000 workers in 55 regional offices throughout the U.S. and 10 offices in other countries.[13] By year-end 2019, ICF employed around 7,000 workers in 75 regional offices throughout the U.S. and more than 15 offices in other countries.[2]

Sudhakar Kesavan is executive chairman.[14][15] John Wasson is president and chief executive officer. James Morgan was the chief financial officer and is now the chief of business operations.[15][16] Bettina Welsh is chief financial officer.[1]

Notable work

ICF's Integrated Planning Model (IPM) has been used by the U.S. Environmental Protection Agency (EPA) to project the impact of electric power business sector policies on the environment and to analyze the Clean Power Plan, Carbon Standards for New Power Plants, Mercury and Air Toxics Standards and the Cross-State Air Pollution Rule.[17]

The EPA has awarded contracts to ICF to assist with the agency's Energy Star program, including technical and analytical support.[18] The company also conducts the Demographic and Health Survey funded by the United States Agency for International Development.[19]

Major acquisitions

Below is a table of ICF's major acquisitions:

Year Company Business Country Value (USD) References
2002 Arthur D. Little's Environment & Risk and Public Sector Program Management divisions Consulting for environment, energy, applied technology and program management  United States $10.5 million [20]
2005 Synergy Defense  United States $19.5 million [21]
2005 Caliber Associates Human services consulting  United States $20.8 million [21][22]
2007 Z-Tech Software engineering, Web design and development, scientific computing  United States $27 million [23]
2007 Jones & Stokes Integrated planning and resources management  United States $50 million [24][25]
2007 Simat, Helliesen & Eichner (SH&E) Air transportation  United States $51 million [26]
2009 Jacob & Sundstrom Cybersecurity and identity management  United States $24 million [27]
2009 Macro International Advisory services, energy, cybersecurity, health  United States $155 million [28]
2011 Ironworks Consulting LLC Web development  United States $100 million [29]
2012 GHK Holding Limited Consulting  United Kingdom — [30][31]
2014 Citytech, Inc. Digital interactive consultancy  United States — [32]
2014 Mostra S.A. Communications  Belgium — [33]
2014 Olson Advertising, public relations, communications  United States $295 million [34]
2018 The Future Customer Loyalty strategy and marketing  United Kingdom — [35]
2018 DMS Disaster Consultants Disaster planning and recovery  United States — [36]
2018 We Are Vista Communications, marketing  United Kingdom — [37]
2020 Incentive Technology Group (iTG) Software  United States — [38]

References

  1. ^ a b c "ICF Names Business Ops Leader and CFO". Washington Executive. March 1, 2020. Retrieved March 25, 2020.
  2. ^ a b c "Form 10-K". United States Securities and Exchange Commission. p. 4. Retrieved 2 March 2020.
  3. ^ a b "ICF International Inc". The Washington Post. 12 May 2008. Retrieved 24 May 2017.
  4. ^ a b Hamilton, Martha M. (23 July 1990). "Cleaning up on environmental concerns". The Washington Post. Retrieved 24 May 2017.
  5. ^ Gellene, Denise (2 March 1989). "Kaiser Engineers merging with unit of its Virginia parent firm". The Washington Post. Retrieved 24 May 2017.
  6. ^ Hinden, Stan (20 September 1993). "This comeback story is a sure-fire thriller". The Washington Post. Retrieved 24 May 2017.
  7. ^ "Managers and investment group to buy ICF Kaiser unit". The New York Times. 25 May 1999. Retrieved 24 May 2017.
  8. ^ Gerin, Roseanne (27 November 2006). "IPOs fire fed market". Washington Technology. Retrieved 24 May 2017.
  9. ^ "Consulting company targeted in Katrina blame". The Associated Press. 30 January 2007. Retrieved 24 May 2017.
  10. ^ Goldfarb, Zachary A. (29 August 2007). "Va. Firm grows fast, but Katrina aid lags". The Washington Post. Retrieved 24 May 2017.
  11. ^ Robert McClendon (7 April 2014). "New Jersey hires former Katrina contractor ICF for Sandy recovery work, WSJ reports". The Times-Picayune. Retrieved 6 July 2017.
  12. ^ "ICF introduces new brand, visual identity and website". Professional Services Close-Up. 30 September 2016. Retrieved 24 May 2017.
  13. ^ a b Form 10-K, p. 5
  14. ^ Form 10-K, p. 54
  15. ^ a b "ICF International Inc (ICFI.O)". Reuters. Retrieved 23 May 2017.
  16. ^ Form 10-K, p. 54
  17. ^ "Clean Air Markets - Power Sector Modeling". U.S. Environmental Protection Agency. Retrieved 23 May 2017.
  18. ^ David Hubler (30 March 2011). "ICF wins EPA Energy Star recomplete contract". Washington Technology. Retrieved 23 May 2017.
  19. ^ Fears, Darryl. "African women are breaking their backs to get water for their families". The Washington Post. Retrieved 23 May 2017.
  20. ^ Lincoln, Taylor (22 April 2002). "ICF Consulting to acquire two Arthur D. Little divisions". Boston Business Journal. Retrieved 20 April 2017.
  21. ^ a b Hammer, Ben (19 May 2006). "ICF International plans $75M IPO". Washington Business Journal. Retrieved 20 April 2017.
  22. ^ Gerin, Roseanne (11 October 2005). "ICF Consulting acquires human services consulting firm". Washington Technology. Retrieved 20 April 2017.
  23. ^ Adler, Neil (29 June 2007). "ICF International buys Z-Tech". Washington Business Journal. Retrieved 20 April 2017.
  24. ^ Killian, Erin (19 February 2008). "ICF wins $5.6M Homeland Security contract". Washington Business Journal. Retrieved 20 April 2017.
  25. ^ "Form 10-Q (2008)". United States Securities and Exchange Commission. 2008. p. 7. Retrieved 7 June 2017.
  26. ^ "ICF expanding transportation services with SH&E buy". Aviation Week. Retrieved 24 April 2017.
  27. ^ Echols, Tucker (1 December 2009). "ICF International to acquire Jacob & Sundstrom". Washington Business Journal. Retrieved 20 April 2017.
  28. ^ Hubler, David (8 March 2010). "ICF's Macro acquisition moves it deeper into health care". Washington Technology. Retrieved 24 April 2017.
  29. ^ Clabaugh, Jeff (12 December 2011). "ICF International to acquire Ironworks Consulting". Washington Business Journal. Retrieved 20 April 2017.
  30. ^ Censer, Marjorie (1 April 2012). "ICF International looks to commercial, international work for growth". The Washington Post. Retrieved 20 April 2017.
  31. ^ Echols, Tucker (31 January 2012). "ICF International to acquire GHK Holdings, raises guidance". Washington Business Journal. Retrieved 20 April 2017.
  32. ^ "ICF International acquires Chicago-based digital IT consulting firm". Washington Business Journal. 18 March 2014. Retrieved 20 April 2017.
  33. ^ Hoover, Mark (21 January 2014). "ICF acquires Brussels communications firm". Washington Technology. Retrieved 20 April 2017.
  34. ^ Norfleet, Nicole (2 March 2016). "Minneapolis ad giant Olson gets bigger with consolidation by parent company ICF". Minneapolis Star Tribune. Retrieved 20 April 2017.
  35. ^ "ICF to Acquire The Future Customer". Yahoo Finance. 14 December 2017. Retrieved 21 January 2018.
  36. ^ Terry, Robert J. (9 August 2018). "ICF acquires disaster-recovery firm to address growing market". Washington Business Journal. Retrieved 27 April 2020.
  37. ^ Terry, Robert J. (4 October 2018). "ICF acquires UK firm". Washington Business Journal. Retrieved 27 April 2020.
  38. ^ "ICF makes $255M acquisition to bolster its tech implementation skills". Washington Technology. 13 January 2020. Retrieved 14 January 2020.
Retrieved from "https://en.wikipedia.org/w/index.php?title=ICF_International&oldid=959735218"